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Barchart
Kritika Sarmah

What You Need to Know Ahead of Cadence Design's Earnings Release

CDNS

San Jose, California-based Cadence Design Systems, Inc. (CDNS) provides software, hardware, and other services worldwide. With a market cap of $89.2 billion, the company offers functional verification services, such as Jasper, Xcelium, a parallel logic simulation platform, Palladium, an enterprise emulation platform, and more.

The software giant is expected to announce its fiscal Q2 earnings results on Monday, July 28. Ahead of this event, analysts expect the company to report a profit of $1.22 per share, up 27.1% from $0.96 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, while missing on one occasion.

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